LTFRB Approves Two New TNC Players, to Create ‘Code of Conduct’ with TNCs
The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited two new transport network companies (TNCs), allaying the commuting public’s fear that, with Uber Technologies, Inc.’s pullout of its ride-hailing service from the Southeast Asian market, Grab Holdings, Inc. will monopolize the transportation network vehicle services (TNVS) industry.
The two new TNCs are Hype Transport Systems, Inc. and Hirna Mobility Solutions, Inc., with the LTFRB issuing the Certificate of Accreditation for both on April 18, 2018 with a validity of two years.
Meanwhile, the LTFRB has ordered MiCab to stop operating as a TNVS despite its app already being available online because the agency has not yet accredited it as one. U-Hop, meanwhile, announced that it is ramping up its TNVS operations and is calling for all registered and listed TNVS drivers, presumably those displaced by Uber, to join the local company.
LTFRB Board Member Atty. Aileen Lizada also revealed that the agency and the TNCs will be drafting a “code of conduct” for their peers/drivers so that “the regulatory body will not hesitate to exercise its overt function when and if needed.” Lizada also said that TNCs will be sharing a list of their blacklisted drivers/operators to prevent them from joining other TNCs.